Hotel and coffee shop operator Whitbread has signed a new syndicated bank five year facility of £650m, replacing its existing bank loan facilities of £930m.
The move will allow the firm to follow its policy of diversifying its sources of debt and extending its maturity profile.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
How you could boost household income by £16k tax-free – five legal loopholesKnowing your way around the tax system means you can take advantages of ways to keep more of your income tax-free
-
HSBC UK slashes financial advice fee to 1% for Premier customers – how does it compare to other £100k accounts?Natwest and Lloyds offer competing accounts with a range of perks from cheaper mortgages to cashback to entice those with £100,000 or more in savings and investments. Is HSBC’s reduced fee worth considering?
